Home MoneyBanks NBE’s Raises T-Bills Investments to EGP 78 Bln

NBE’s Raises T-Bills Investments to EGP 78 Bln

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National Bank of Egypt’s investment in treasury bills reached EGP 78 billion for the current fiscal year. Bills are with different maturities; 91,182,266,273 and 364 days and with returns ranging between 12.3 to 15.7%, familiar sources said.

NBE’s investments in treasury bills registered EGP 70 billion last December through 133 government auctions to finance the general budget deficit that reached EGP 144 billion, according to documents of which Amwal Al Ghad received a copy.

These treasury bills are paid by Ministry of Finance in installments. The first installment was due in last February and the last installment is due in next August 27th. 91-day treasury bills are due in 6 installments, 182-day treasury bills are due in 24 installments, 200-day treasury bills are due in 32 installments and 300-day treasury bills are due in 51 installments.

182-day treasury bills due in June 26th registered the highest return of 14.92%.

NBE is the largest dealer in secondary market of treasury bills in Egypt and its investments in this sector are expected to reach EGP 100 billion by the end of the current fiscal year.

NBE has decided to expand in investing in government debt instruments so as to finance the budget deficit that widened to EGP 144 billion as well as to invest the unused deposits as investments sharply retreated in Egypt after last year’s revolution.

Banks in Egypt are competing over treasury bills because of the decline in the volume of lending and the high return on treasury bills that exceeded 15% as the government is relying on local lending. This drives banks to raise returns on their savings instruments to 12%, so as to have the cash liquidity required for the next period.

NBE’s Investments in Treasury Bills:

Maturity

Value

Return

Due Date

91

127.325.000

12.31

7-2-2012

91

16.000.000

13

6-3-2012

91

144.425.000

14.02

13-3-2012

91

59.250.000

12.7

20-3-2012

91

126.275.000

13.92

27-3-2012

91

1.142.050.000

13.84

10-4-2012

182

646.325.000

12.52

7-2-2012

182

398.725.000

12.45

14-2-2012

182

381.150.000

12.48

21-2-2012

182

151.150.000

12.58

28-2-2012

182

216.825.000

12.67

6-3-2012

182

336.750.000

12.85

13-3-2012

182

284.800.000

13.28

20-3-2012

182

1.178.450.000

13.38

27-3-2012

182

2.274.125.000

13.34

27-3-2012

182

608.575.000

13.32

3-4-2012

182

88.075.000

13.13

10-4-2012

182

173.450.000

13.13

17-4-2012

182

373.975.000

13.15

1-5-2012

182

740.275.000

13.15

8-5-2012

182

487.925.000

13.35

15-5-2012

182

484.600.000

13.85

22-5-2012

182

462.350.000

14.65

12-6-2012

182

1.366.275.000

14.55

19-6-2012

182

693.750.000

14.66

26-6-2012

182

801.600.000

14.75

3-7-2012

182

95.675.000

14.77

10-7-2012

182

1.560.050.000

14.64

17-7-2012

182

690.600.000

14.7

24-7-2012

182

3.000.000.000

14.92

26-7-2012

273

134.650.000

12.87

28-2-2012

266

750.000.000

12.85

28-2-2012

259

777.925.000

12.91

28-2-2012

273

622.600.000

12.96

20-3-2012

273

344.800.000

12.98

20-2-2012

273

979.375.000

12.89

3-4-2012

266

631.725.000

12.83

3-4-2012

259

898.225.000

12.76

3-4-2012

273

837.975.000

12.85

1-5-2012

266

846.450.000

12.95

1-5-2012

259

450.000.000

12.91

1-5-2012

273

787.000.000

12.96

22-5-2012

266

488.875.000

12.98

22-5-2012

259

140.300.000

12.99

22-5-2012

273

476.875.000

13.85

19-6-2012

266

822.525.000

13.86

19-6-2012

273

788.500.000

13.77

3-7-2012

7-2-2012

6-3-2012

13-3-2012

20-3-2012

27-3-2012

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